Swisscom loses steam after much-heralded IPO

Article Abstract:

Swisscom AG is losing its spark in the stock market after it achieved gains of as high as 41% since its initial public offering on Oct. 5, 1998. The Swiss telephone company started offering its shares at 340 Swiss francs and reached as high as 479 francs, notwithstanding the bearish markets. However, the stock is slowing down in pace as portfolio managers and market observers see several issues, including the delivery of the promises made by the Swisscom management. There is also the fear that the utility's attractiveness in the stock market might prompt the government to sell another tranche.

Comment:

Is losing spark in stock market after co achieved gains of as high as 41% since initial public offering on 10/5/98

Telecommunications, Securities issued, listed, Telecommunications industry, Swisscontrol

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Roche hints at pleasant profit surprise

Article Abstract:

Roche Holding AG is expecting to secure higher consolidated net profits to 4.3 billion Swiss francs ($3.2 billion) in 1998 before acquisition charges. The previously unexpected new forecast is based on strong sales in the firm's older product lines, up 32% in the first nine months of 1998, acquisitions and seven new product launching. Roche, however, professed caution since it uses average currency rates in its computation as the Swiss franc appreciated value. The company expects the effect of the currency appreciation to be felt and manifested in the year's fourth quarter.

Comment:

Is expecting to secure higher consolidated net profits to SwF4.3 bil in 1998 before acquisition charges

Sales, profits & dividends, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Drugs, Roche Holding AG

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Clariant focus is on acquisitions rather than mergers, chief says

Article Abstract:

Rolf W. Schweizer, the chief executive officer (CEO) of Clariant International AG, said that the firm would be more successful with targeted acquisitions than with a all-out merger. Clariant's chief financial officer, Roland Loesser, added that the company has as much as four billion Swiss francs ($2.67 billion) for such acquisitions. According to Mr. Schweizer, Clariant has a list of 20 to 22 firms that it continuously monitors. These firms are watched for their corporate development.

Comment:

CEO Rolf W. Schweizer said co would be more successful with targeted acquisitions than with an all-out merger

Strategy & planning, Chemicals & Allied Products, Chemical Manufacturing, Planning, Chemicals, Abstract, Chemical industry, Clariant International AG

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